European Digital Tax Plans Gather Speed


By Global Tax Weekly

France’s digital tax is going full steam ahead after Le Maire officially unveiled legislation for a three percent revenue tax, along similar lines to that proposed by the European Commission last year. But you’ll need a time machine to actually get on board, as the timetable says it starts on January 1, 2019. Meanwhile, Spain’s digital tax appears to be grinding to a halt due to problems with the legislative machinery. Parliament’s rejection of the 2019 Budget and the calling of fresh elections, to be held in May 2019, may even derail it.

I think Italy’s digital tax remains on track, but until the Government fleshes out the proposals, we only have a vague idea where it’s going and when it will get there. The UK at least signaled well ahead of time that its digital tax will commence in 2020, even giving us the exact month: April. How helpful! I often arrive at the airport hoping my plane will leave some time before the 31st. So, shall we try and guess the day? April 1? A little inappropriate perhaps. All this uncertainty is no joke.


For more information on this, and other topical international tax matters, please visit: https://www.cchgroup.com/roles/corporations/international-solutions/research/global-tax-weekly-a-closer-look





Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>



RELATED ARTICLES AND INFORMATION

Poland Ponders Corporate Tax Reform

Two bills currently before Poland’s parliament would bring about sweeping changes to the country’s corporate tax rules. Some of the proposed changes were consulted...

Australia Announces Budget Measures

The Australian Government announced in its Budget that it would be bringing forward personal tax cuts that had been scheduled for 2022.

The Australian authorities...

UK Clarifies VAT Rules

In the UK, while things are gearing up to get more complicated on pretty much all fronts, the tax authority sought to provide clarity...